New builds in Auckland unaffordable

Apr 4, 2016 | News

Figures released for the first time raise questions about whether new home building in Auckland is making the city any more affordable.

The median price of new dwellings is $800,000, and fewer than 20 percent of new homes qualify for KiwiSaver first-home-buyer subsidies.

Photo: RNZ/Kim Baker Wilson

Photo: RNZ/Kim Baker-Wilson

The data, obtained by RNZ News from the Auckland Council, does not include all new dwellings but is considered the most comprehensive picture of the price mix of homes being added to the city.

It covers nearly 3000 sales of new dwellings in Auckland in 2014, and through to early November in 2015.

Read more here.

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